Homeowners in LA County set a new foreclosure record in March, according to a Default Research, which collects such data.
LA County had 11,666 homes were entering some stage of foreclosure in April -- through a Notice of Defaults and Notice of Trustees Sale. That's up 230% from the same month last year.
"About 2.3 percent of L.A. households are facing foreclosure," said Serdar Bankaci, founder of Default Research. "Unfortunately families all over the region who watched their home appreciate for years are now seeing that the real estate pendulum does swing both ways."
The hardest hit cities in LA County were Los Angeles (with 2,137), Palmdale (960), Lancaster (896), Long Beach (524) and Santa Clarita (302).
But in Southern California, Riverside was the most distressed with a 450% year-over-year increase in foreclosure actions last month.
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